2017 TOP to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 TOP to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the TOP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 2, valuing the pair at 26.0625. Conversely, the yearly low was recorded on November 24, dropping to 22.5276.
This high-to-low spread represents a total annual volatility of 3.5349 MKD. From a start-to-finish perspective, comparing the January average rate of 25.1467 to the December average rate of 22.7222, the exchange rate registered a net change of -9.64% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 26.0625 was down 0.45% compared to the 2016 peak of 26.1812, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
TOP to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 24.8681, compared to 23.3599 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.5082 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was March, with a trading range of 1.3242 MKD (High: 26.0625 / Low: 24.7383). On the other end, December was the most stable month, with a tight range of 0.3595 MKD (High: 22.8922 / Low: 22.5326).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 1.0021 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2017: 25.2305) against the same month in 2016 (average: 24.5529), the exchange rate shifted by +0.6776 (+2.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.4746 | 24.8935 | 25.1467 |
| February | 25.9279 | 24.9174 | 25.6193 |
| March | 26.0625 | 24.7383 | 25.2305 |
| April | 25.3494 | 24.4093 | 25.0395 |
| May | 24.5169 | 23.5865 | 24.0373 |
| June | 24.4397 | 23.7898 | 24.1352 |
| July | 24.2367 | 23.6566 | 23.8885 |
| August | 23.9982 | 23.1938 | 23.6827 |
| September | 23.6949 | 23.1323 | 23.3592 |
| October | 23.6451 | 23.1216 | 23.4117 |
| November | 23.5624 | 22.5276 | 23.0951 |
| December | 22.8922 | 22.5326 | 22.7222 |